Definition: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012
See also: Oil - consumption mapRelated News
Food Use Seen by Oil World Driving Cooking Oils as Biofuels Slow
Businessweek - 6/18/2013 3:17:51 PM
Food use will drive demand for vegetable oils and fats in 2012-13 as the world population grows and per-capita consumption rises, while biofuel use will increase at the slowest pace in a decade, Oil World forecast. Total use of 17 oils and fats ...
Developing world oil demand surpasses wealthy nations - EIA
Reuters Group PLC - 6/11/2013 9:52:42 PM
Ten years ago, the developing world consumed just two-thirds as much oil as wealthier countries, historical data from the EIA shows. Countries in the OECD have also reduced consumption in response to higher prices and environmental concerns.
Developing world oil demand surpasses wealthy nations, says EIA
themalaysianinsider.com - 6/12/2013 1:05:59 AM
Ten years ago, the developing world consumed just two-thirds as much oil as wealthier countries, historical data from the EIA shows. Countries in the OECD have also reduced consumption in response to higher prices and environmental concerns. The changing ...
Oil demand in developing world surges
Upstream Online - 6/11/2013 10:28:30 PM
Ten years ago, the developing world consumed just two-thirds as much oil as wealthier countries, historical data from the EIA show. Countries in the OECD have also reduced consumption in response to higher prices and environmental concerns. The changing ...
U.S. Tallow Exports Seen Falling by Oil World on Biodiesel Use
Bloomberg - 6/18/2013 1:23:19 PM
U.S. tallow exports are forecast to fall 3.7 percent this year as growing domestic use of the animal grease to make biodiesel squeezes supply, keeping prices high, Oil World said. Tallow shipments from the U.S. may decline to 680,000 metric tons ...
Reversal: Developing Nations Now World's Biggest Oil Consumers
Moneynews (blog) - 6/11/2013 9:52:42 PM
Ten years ago, the developing world consumed just two-thirds as much oil as wealthier countries, historical data from the EIA shows. Countries in the OECD have also reduced consumption in response to higher prices and environmental concerns. The changing ...
G8 leaders tackle inequities of global oil, coal extraction
The Christian Science Monitor - 6/18/2013 8:54:18 PM
G8 leaders took on corruption and exploitation in global resource markets at this week's G8 summit. Many of the world's most valuable resources happen to fall in the poorest places on the planet. Large, multinational companies mine precious oil ...
IEA trims forecasts for global, Chinese oil demand growth
GlobalPost - 6/12/2013 10:17:10 AM
Sluggish global economic growth is crimping demand for oil, including in emerging market powerhouse China, the International Energy Agency said on Wednesday. "Relatively sluggish macroeconomic conditions are expected to keep a lid on growth in 2013," the ...
China Leads Emerging-Economy Oil Use to Top OECD for First Time
Businessweek - 6/11/2013 11:54:24 PM
“It’s a confirmation that the future of oil demand is not in OECD countries,” said Michael Lynch, president of Strategic Energy & Economic Research (SER) in Winchester, Massachusetts. Global fuel-consumption growth will come from emerging ...
China Leads Non-OECD Economies’ Oil Use to Top OECD
Bloomberg - 6/11/2013 8:12:29 PM
Consumption dropped 1.1 percent in the U.S. that month and 11 percent in Japan. The U.S., China, Japan and Brazil were the world’s four largest oil-consuming countries in 2011, according to EIA data. OECD members will use 45.5 million barrels ...
World Oil Market Facing Product Glut: IEA
CNBC - 6/12/2013 9:05:35 AM
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close ... signs that China's oil use, like its economy ...
BP: Global demand for energy slows
WSB-TV Atlanta - 6/12/2013 2:56:20 PM
A senior Iraqi official on Wednesday said his country expects to ramp up oil production to 4.5 million ... In an annual review of the world energy market, BP PLC said growth in energy consumption slowed to 1.8 percent from 2.4 percent in 2011.
Shale resources add 47% to global gas reserves: US EIA
Space Daily - 6/9/2013 11:56:46 PM
Shale-based resources increase the world's total potential oil ... on the Organization of Petroleum Exporting Countries' "ability and willingness" to trim output. A retreat in prices could also boost oil consumption that "would tend to soften any long ...
OPEC sees room for its over-target oil output
Reuters - 6/11/2013 11:51:25 AM
The Organization of the Petroleum Exporting Countries in a monthly report forecast world oil demand would expand by 900,000 barrels per day (bpd) in the second half, up from 700,000 bpd in the first six months of 2013. "The second half of the ...
This Oil Major Is Eyeing The World's Second Largest Shale-Oil Basin
Seeking Alpha - 6/17/2013 11:22:49 AM
It has a medium term target to produce 3.3 million barrels of oil equivalent per day by 2017. Chevron's shares are currently trading at $119.97. In April, Chevron increased its quarterly dividend by 11.1% to $1 per share and now has an attractive ...
